Being the head honcho of a public sector enterprise is one of the most exacting or testing positions in the corporate world. Heading an archetypal corporate set-up where strengthening the bottom line is your sole objective is one thing; leading a corporation that has a crucial public service to perform while continuing to increase profits for its owners—the Government of India—is another.
As chairman of PowerGrid, one of India’s leading utility companies, R.P. Singh was on the inside track of Indian business, government and policy for 12 long years—years spent not just reshaping power networking in India but also raising the benchmark in corporate governance. It wasn’t always easy. Conservative, anti-reform forces had to be contested, rivals fought off, political and other influences contained. This book tells the story of how it was done.
R.P. Singh reveals the inside workings of India’s government-owned business sector, the saga of how a start-up with borrowed staff and facilities was built into a public-sector jewel and one of the leading power grid operators of the world. This is a fascinating business book: part memoir, part management manual, part survival guide.